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Ralph Walkling, PhD

Founder, Center of Corporate Governance, Professor Emeritus



Dr. Walkling is internationally known for his research involving corporate governance and corporate acquisitions and for his ability to communicate financial concepts with clarity and in an exciting, effective fashion. He is a regular consultant to industry and a leading contributor to the top refereed journals in his field including The Journal of Financial Economics, The Journal of Finance, The Journal of Financial and Quantitative Analysis and The Rand Journal of Economics.

Dr. Walkling has been listed in the top 1% of more than twelve thousand finance authors in terms of academic citations to their work. He has received numerous awards for best papers in corporate finance and excellence in graduate teaching. In 2008 the Eastern Finance Association awarded him their scholar of the year award.

Dr. Walkling currently serves as associate editor of The Journal of Financial and Quantitative Analysis, The Journal of Empirical Finance, The Journal of Applied Finance, and The Journal of Corporate Finance. He is a past associate editor of Financial Management. He is a member of the Board of Trustees and immediate Past President of the Financial Management Association, an international organization of over 7,000 academics and practitioners. Prior to joining Drexel, Dr. Walkling was Dean’s Research Professor of Finance in the Fisher College of Business at Ohio State University. He received his B.S. from Towson State University and his MBA and Doctorate from the University of Maryland.

As the founder and Executive Director of the Center for Corporate Governance at Drexel University, Dr. Walkling directs the Center’s advisory board comprised of leading area CEOs and executives. He has organized and moderated numerous conferences covering diverse issues such as rules of engagement for CEO and boards in the Sarbanes-Oxley era and corporate governance failures contributing to the subprime meltdown and subsequent lending crisis. In addition to his academic research Dr. Walkling writes a column for Directors and Boards magazine.

Areas of Expertise

  • Corporate Governance
  • Corporate Finance
  • Corporate Control and Mergers and Acquisitions
  • Executive Compensation
  • Board of Directors
  • Finance


PhD Finance-University of Maryland United States 1980
MBA Business Administration-University of Maryland United States 1976
BS Business Administration and Music Theory-Towson State University United States 1975

Professional Experience

Academic-Drexel University Stratakis Chair in Corporate Governance Philadelphia Pa Jul 2005-Nov 00-1
Academic-Ohio State University Deans Research Professor Columbus OH Mar 1985-Jun 2005
Academic-Georgia Institute of Technology Assistant Professor of Finance Atlanta GA May 1980-Nov 1985


2015 2012 Best Paper Award (Financial Management Association Asia Meetings )
2012 Sharpe Award for best paper (Journal of Financial and Quantitative Analysis)
2011 Best Paper in Investments (Southern Finance Association meetings)
2011 Best Paper Award (Financial Management Association Asia Meetings )
2008 Distinguished Scholar Award (Eastern Finance Association Meetings)
2003 Best Paper in Corporate Finance Award (Financial Management Association Meetings )


Journal of Corporate Finance – Associate Editor (2017)
Journal of Financial and Quantitative Analysis – Associate Editor (2017)